Virginia Society of CPAs’ 2020 Virginia Economic Expectations survey

The Virginia Society of Certified Public Accountants’ (VSCPA) Economic Expectations report highlights several key issues impacting Virginia businesses, ranging from the economy to taxes and workforce. The survey was sent to 8,439 VSCPA members in August. The survey had 292 respondents, yielding a 3.5% response rate. About 44% of the respondents work in public accounting. The rest work in corporate finance and other sectors. A majority of people taking the survey (48%) represented businesses with 51 or more employees; 40% represented companies with two to 50 workers; and the rest had sole proprietorships.

INSIDE

A strong defense
Cybersecurity is a top concern for Virginia’s CPAs. by Joan Tupponce

We asked five Certified Public Accountants for their take on the state of their region. This is what they had to say. Answers have been edited for length and clarity.

Amanda Phelps, CPA, Recruiting manager, Robert Half International, Norfolk

Cathryn Michie, CPA, Chief financial officer, Shenandoah Valley Workforce Development Board Inc., Harrisonburg

Gary R. Thomson, CPA, Managing partner, Thomson Consulting LLC, Richmond and Chairman, Virginia Society of Certified Public Accountants board of directors

Aaron L. Peters, CPA, President and CEO, Peters & Associates PC, Falls Church

Hope F. Cupit, CPA, President and CEO, Southeast Rural Community Assistance Project Inc., Roanoke

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